700 David Ave Monterey, CA 93940
New Monterey NeighborhoodEstimated payment $8,994/month
Highlights
- Ocean View
- Contemporary Architecture
- Guest Parking
- Monterey High School Rated A
- Enclosed Parking
- Washer and Dryer
About This Home
Ideally located on a large corner lot just blocks from the bay, Cannery Row, Monterey Bay Aquarium, restaurants, shopping, the scenic recreation trail, public transportation and more. Built by the current owner's family in 1987, this is the first time this property has been on the market. The foundation of the building is a reinforced concrete carport with 5+ parking spaces and storage for each unit. The apartments are on the second level, taking advantage of the bay views. This fully occupied fourplex has a strong rental history making it an excellent investment and key asset for your portfolio.
Property Details
Home Type
- Multi-Family
Year Built
- 1987
Property Views
- Ocean
- Bay
- City Lights
- Mountain
- Hills
Home Design
- Quadruplex
- Contemporary Architecture
- Reinforced Concrete Foundation
- Slab Foundation
- Wood Frame Construction
- Composition Roof
Interior Spaces
- 2,235 Sq Ft Home
- 2-Story Property
- Security Lights
- Washer and Dryer
Kitchen
- Electric Oven
- Electric Cooktop
- Dishwasher
- Formica Countertops
- Disposal
Flooring
- Carpet
- Vinyl
Parking
- 5 Parking Spaces
- 5 Carport Spaces
- Enclosed Parking
- Guest Parking
- Off-Street Parking
- Off-Site Parking
- Assigned Parking
Utilities
- Heating Available
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
Community Details
Overview
Building Details
- 1 Leased Unit
- Gardener Expense $2,180
- Insurance Expense $3,511
- Maintenance Expense $390
- Manager Expense $6,762
- Trash Expense $150
- Operating Expense $30,593
- Gross Income $96,600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,818 | $304,990 | $48,960 | $256,030 |
| 2024 | $3,818 | $299,010 | $48,000 | $251,010 |
| 2023 | $3,422 | $293,148 | $47,059 | $246,089 |
| 2022 | $3,376 | $287,401 | $46,137 | $241,264 |
| 2021 | $3,329 | $281,767 | $45,233 | $236,534 |
| 2020 | $3,211 | $278,879 | $44,770 | $234,109 |
| 2019 | $3,354 | $273,412 | $43,893 | $229,519 |
| 2018 | $3,230 | $268,052 | $43,033 | $225,019 |
| 2017 | $3,006 | $262,797 | $42,190 | $220,607 |
| 2016 | $2,955 | $257,645 | $41,363 | $216,282 |
| 2015 | $2,915 | $253,776 | $40,742 | $213,034 |
| 2014 | $2,865 | $248,805 | $39,944 | $208,861 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/18/2026 05/18/26 | For Sale | $1,600,000 | 0.0% | $716 / Sq Ft |
| 04/28/2026 04/28/26 | Pending | -- | -- | -- |
| 04/18/2026 04/18/26 | For Sale | $1,600,000 | -- | $716 / Sq Ft |
Source: MLSListings
MLS Number: ML82043619
APN: 001-087-005
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Ask me questions while you tour the home.